Categories
Popular Categories

Accounting

Agriculture

Auditing

Biology
More Categories

Chemistry

Computer

Economics

Engineering
Explore More

Looking for specific topics or want to browse our complete collection of categories?

View All Categories
Quizzes
Leaderboard

Register

Question #137732

What does opportunity cost refer to?

Options:

A) The cost of purchasing an item

B) Giving up the opportunity to choose the next best alternative

C) The amount of money spent on a product

D) The cost of producing a good or service

Answer: What does opportunity cost refer to Giving up the opportunity to choose the next best alternative.

Previous Next

Pedagogy Related Questions

Category

Browse More Pedagogy Questions

Test Your Knowledge

Want to practice more questions like this? Take a quiz in this category!

Take a Quiz

Share This Question